STRC Surges, Strategy Buys 2K Bitcoin
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
STRC, Strategys perpetual preferred stock, saw a surge in trading volume, reaching $333 million on Wednesday, its seventh busiest day. The stock maintained a steady price around its $100 par value, making it a high-yield, short-term play with an 11.5% annual dividend. Strategy used this setup to raise cash for more bitcoin purchases, buying over 2,000 bitcoin that day. Despite a slight dip in pre-market trading, STRC held firm near $100, keeping the momentum going.
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